Amendment # 66: State Funding For Education

Sep 5th, 2013 | By | Category: Education, Events, Highlands Ranch, Schools

Thursday September 26, 6:30 – 8:30PM

 Highlands Ranch Public Library, 9292 Ridgeline Blvd, Highlands Ranch 80129

Speakers:  Colorado Senator Mike Johnston, co-author of the new legislation and ballot issue;  Liane Morrison, Executive Director, Great Education Colorado, and Laura Boggs, Colorado for Real Education Reform.
The ballot issue will ask voters to approve a two-tiered income tax hike that would raise an additional $950 million to fund public schools.  If passed, the money would be used to help fund changes to the state’s new school finance system approved this year by the Colorado Legislature Senator Johnston will explain the ballot issue, Ms. Morrison will speak in favor, Ms. Boggs will speak in opposition
“Coloradans support the critically important improvements that Amendment 66 will bring to  our public education system, like small class sizes, one-on-one attention for each student, and the chance to see where every dollar is going within each district,” said Gail Klapper, director of the Colorado Forum. The Forum has been working with business, civic and educational leaders for nearly two years to craft an initiative with broad, bipartisan support. “This is our  best chance to invest in the future of Colorado and to ensure each child has access to a high-quality education.”“Momentum and support for the Amendment 66 campaign continues to build and, in the next 63 days, we will work tirelessly to share our message with voters across Colorado, from rural communities to urban centers to suburbs,” said Campaign Director Andrew Freedman.Amendment 66 will ask voters to approve a two-step state income-tax rate increase to pay for reforms that would make Colorado a national model for PK-12 educationStep 1: On taxable income up to $75,000, the rate would increase from current 4.63% to 5%
Step 2: Any taxable income above $75,000 would be taxed at a rate of 5.9%
Note: Every taxpayer would pay the 5% rate on their first $75,000 of taxable income

 

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